Just as Lockheed Martin Corp. surpassed its 2019 goal for F-35 deliveries, end-of-the-year defense spending netted the company another $2.3 billion-plus in defense contracts related to the stealth fighter.
The Department of Defense on Dec. 31 disclosed five contract awards that went to the Bethesda defense giant (NYSE: LMT) during the last week of the year, all tied to the advanced fighter program, ranging from maintenance and integration operations for existing fighters to early production of new ones.
Here’s a breakdown of the contract awards:
$1.9 billion for recurring logistics services — including ground maintenance activities, automatic logistics information system operations and maintenance, reliability, supply chain management and other services — for Air Force, Marine Corps, Navy, non-DOD participants and foreign military sales customers;
$172.2 million for long-lead materials, the components that take the longest time to design and fabricate, for 28 fighters from…